Banks want RBI to inject Rs 3-5 lakh crore via OMO

Indian lenders are pushing the Reserve Bank of India to commit to substantial open market operations (OMOs) of at least ₹3-5 lakh crore. This move aims to ease liquidity, lower yields, and boost credit growth. Economists also voiced concerns about inflation and GDP data uncertainty, urging caution on rate cuts until new figures are released.